Category Archives: Finance Guide

Is Malpractice Tail Insurance Tax Deductible?

Yes, medical malpractice tail coverage (also referred to as extended reporting endorsements or nose coverage) is tax deductible depending on your specific situation and should be discussed with a tax specialist for best results. Claim-made policies typically offer physicians an option to purchase “tail” coverage upon the expiration of their policy, the cost being approximately […]

When Does Insurance Coverage Begin?

Retirees, their spouses and dependents insured under ORS can expect coverage to begin one month after all necessary forms and proofs are submitted to them. It’s essential that enrollment forms and proofs be sent promptly in order to avoid gaps or duplication of coverage. Effective dates typically follow a similar timeline outside exchanges; with one […]

Does Flood Insurance Cover Broken Pipes?

Water damage is among the primary reasons homeowners file an insurance claim. Burst pipes typically fall under dwelling and personal property coverage on homeowner policies. Flood insurance covers damage directly caused by flooding; thus it only addresses direct impacts such as broken pipes. So does flood insurance cover broken pipes? Flood insurance does not cover […]